Disposal of land adjacent to Hereford Railway Station to facilitate development of a new GP surgery
Decision Maker: Cabinet member contracts and assets
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
A decision was taken by the cabinet member contracts and assets on 8 May 2018to dispose of land adjacent to Hereford railway station by way of a 125 year lease to Prime (UK) Developments Ltd to facilitate the development of a new healthcare centre.
The disposal was conditional upon, amongst other matters, the development being completed within three years of the disposal date. The purchaser, Prime (UK) Developments Ltd, has requested that this period is amended to five years from the disposal date in order to comply with the conditions of their insurance and funding agreement. All other conditions remain unchanged.
the condition attached to the council’s approved disposal by way of 125 year lease of development land adjacent to Hereford railway station to Prime (UK) Developments Ltd or a company within the Prime plc group of companies, namely that the development be completed within three years of the lease being completed, be amended to development being completed within five years of the lease being completed.
Alternative options considered:
1. The condition is not amended as requested. This is not recommended because Prime (UK) Ltd would be in breach of their insurer’s requirements which would jeopardise their funding and as a consequence the entire project.
Wards Affected: Widemarsh;
Contact: Andrew Husband, Strategic property services manager Email: email@example.com Tel: 01432 383552.
Publication date: 24/01/2019
Date of decision: 24/01/2019
Effective from: 31/01/2019